SSE chief Ian Marchant to step down after 10 years

Ian Marchant is to step down as chief executitve of energy company SSE in July
after a decade at the helm.

12:56PM GMT 23 Jan 2013

He will be succeeded by Alistair Phillips-Davies, the utility company's deputy chief executive.

“The time is right for a change for both SSE and me. I am sure that SSE will continue to go from strength to strength under Alistair’s leadership. As for me, I am looking forward to new challenges – whatever they may be,” Mr Marchant said in statement.

He said he did not really have any plans about what he would do after he left but he was not looking for another big executive job.

Mr Marchant joined SSE’s predecessor company Southern Electirc in 1992 and joined the Board of SSE as finance director when it was formed in 1998. He was appointed chief executive in 2002.

Scottish & Southern Energy

Mr Phillips-Davies joined Southern Electric in 1997 and the Board of SSE in 2002 as energy supply director. He became generation and supply director in 2010 and deputy chief executive in 2012.

The company also said finance director Gregor Alexander would have an expanded role, supporting the chief executive.